Opel

Ford earned $1.4 billion in the first quarter -- a bit ahead of analyst expectations, but down from a year earlier. North American sales powered the profit, while Europe's crisis-wracked economy held every automaker back on the Continent.

2011 was the most profitable year in General Motors' history. Thanks in large part to the $50 billion government-assisted restructuring it received, GM's U.S. operation is in good shape. So is it ready to fully pay back Washington now? Well, that depends on Europe.

Europe's floundering economy could hurt car sales at Ford and other automakers, worries Bill Ford, executive chairman of Ford Motor.

It seems General Motors (GRM) isn't have any better luck at selling pieces of itself than it is at selling its cars and trucks. A deal struck by the Detroit-based company in June to sell its Saab unit fell apart Tuesday, according to news reports, threatening an end to the Swedish manufacturer of...

The board of General Motors Co has opted to keep Opel, undoing months of painstaking negotiations to sell the European unit to a Russian-backed group led by Canada's Magna. GM confirmed the decision made by its 13-member board after a meeting of directors on Tuesday in Detroit, saying that...

General Motors has agreed to sell its Germany-based Opel division to Canadian auto group Magna International (MGA), GM management said Thursday, ending speculation that GM was looking to hang onto the European unit. Several key issues need to be worked out in the coming weeks, GM said, with the...

There have been several reports that Beijing Automotive will make a bid for General Motor's Opel division. Canadian parts company Magna has been considered the front runner to get the GM operation. Because Beijing Automotive is owned by the Chinese central government, it has access to nearly...

General Motors Corp. (GMGMQ), the bankrupt U.S. automaker that is jettisoning brands as it reorganizes, has unloaded Saab, the Swedish car company that tried for years to make inroads into the American market. According too Reuters, Swedish television is reporting that Swedish luxury carmaker,...

The following post rounds up the companies making headlines today: American International Group (AIG) Chairman and CEO Edward Liddy announced late Thursday that he plans to depart the company once the insurer's board of directors finds a replacement. It also proposed a 1-for-20 reverse stock...